Prepare the accounting equation on the basis of the following data.
(a)Harsha started business with cash ₹ 2,00,000
(b)Purchased goods from Naman for cash ₹ 40,000
(c)Sold goods to Bhanu by cash for ₹ 12,000
(d)Bought furniture on credit ₹ 7,000.
Answers
Answered by
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Explanation:
(a) Cash ac Dr 200000
To capital ac. 200000
(b) Purchase ac Dr. 40000
To naman ac. 40000
(c) Bhanu ac Dr 12000
To sales ac 12000
(d) furniture ac Dr 7000
To capital ac. 7000
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